e. Assume that the average price of a new home is $132,500. If new homes are increasing at a rate of 8% per year, how much will a new home cost in seven years? (Round your answer to 2 decimal places.)

A new home will cost $227081.72 in seven years.

Explanation:

To calculate the value or price of the new home in seven years, we need to calculate the future value of $132500 increasing at a rate of 8% per year for 7 years. The formula to calculate the future value will be,

Future value = Present value * (1+r)^t

Where,

Future value = 132500 * (1+0.08)^7

Future value = $227081.7156 rounded off to $227081.72

15 1/2 years old in california

the correct answer is - no.

winnipeg, canada, is not further away from the equator than moscow, russia, in fact moscow is the city that is further away from the equator. moscow is on a latitude of 55.7558° north, while winnipeg is on a latitude of 49.8951° north, thus putting moscow by 5.8607° further away from the equator than winnipeg is.